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More payday loan debt than income Debt Arrangement Scheme Payday Loans 

More Debt Than Income

When I got a large energy bill which i couldn’t afford to pay it forced me to take out a payday loan, although it appeared easy to repay the reality my income wasn’t enough The payday loan repayment along with interest just meant i had bought myself a month before i was back to having the same problem again. The only option I had was to take out another payday loan to cover the first one and hope there’s was a way I would find another way to repay it….

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Payday Loan Debt Story Payday Loans 

My Payday Loan Hell

When i was working full time and earning a reasonable income it never occurred to me I might end up in debt, especially when I only took a £200 payday loan. I fully expected to repay the £200 plus interest at the end of the month and not surprisingly that’s exactly what i done but then they offered me more. I didn’t really need it but thought “I paid the last one, why not” so I took out the £250 loan and when the end of the month came i repaid…

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